Compare two loan offers side by side. Enter each loan’s amount, rate, term and fees to see estimated monthly payments, interest, fees, total paid and an estimated effective cost, with a neutral difference summary and schedules.
Loan Comparison Calculator puts two loan offers next to each other. For Loan A and Loan B, enter the amount, annual interest rate, term in months or years, and any upfront (origination) and monthly fees. Each loan uses the standard monthly amortisation formula, and the tool shows the estimated monthly payment, total interest, upfront and recurring fees, total cost, total paid and an estimated effective cost that includes the fees.
A neutral summary states the differences — for example whether Loan A’s total estimated cost is higher or lower than Loan B’s under the entered assumptions — without ranking either offer. Monthly schedules for both loans can be viewed and downloaded as CSV. The effective cost is an estimate, not a legal APR disclosure; lenders’ APR calculations, compounding, prepayment rules, insurance, taxes, penalties, variable rates and eligibility can all differ, so check each lender’s official documents.
With the standard amortisation formula P × i ÷ (1 − (1 + i)^−n), where i is the annual rate ÷ 12 and n the number of months. At 0% interest the payment is the amount divided by the number of months.
Upfront fees are treated as paid at the start and added to the total cost. Monthly fees are added to every payment. Neither changes the interest calculation.
It is the yearly rate at which the amount you actually receive (the loan amount minus the upfront fee) equals all your payments and monthly fees. It helps show the effect of fees but is an estimate, not a legal APR disclosure.
No. It only shows the figures and neutral differences under the values you entered. Other factors — flexibility, prepayment rules, insurance, variable rates and eligibility — are not included.
Yes. The summary points out when the amounts or terms differ, because total paid is then not a like-for-like comparison.
Loan amounts above zero up to 1 trillion, rates from 0% to 50%, terms of 1 to 600 whole months (50 years), and upfront fees below the loan amount.
No. It only changes the symbol shown (₹, $, €, £ or none). No exchange rate is used and the calculation is identical whichever symbol you pick.
No. Calculations run in your browser on your device. Amounts, rates, results and tables are not uploaded and are not saved in browser storage. Reset clears them from the page.
